Personal Loan is a loan that does not require collateral or security and is offered with minimal documentation. Like any other loan, you must repay as per the agreed terms with the bank. Usually, this can include a few months to a few years. It is an unsecured loan taken by individuals from a bank or NBFC to meet their personal needs. Personal Loan Ajod is provided based on criteria such as income level, credit and employment history, repayment capacity, etc. unlike a home or a car loan, a personal loan is not secured against any asset.
Personal Loan Ajod interest rate
The interest rates for availing a personal loan varies according to the need of the borrower. Higher the loan amount, lesser, will be the rate of interest. Generally, the interest rate is 10.75%. Personal loan interest rates are based on your credit history, salary, the amount being borrowed, and the city you are based in. You may also be charged additional charges such as processing fees, EMI Bounce charges, etc.
Personal Loan Ajod eligibilty
A personal loan is available to both salaried and self-employed persons, and both have different eligibility criteria.
For salaried persons
First of all, residency: the person should be a permanent resident of India.
After that, the minimum age: the person should be 21 years.
Maximum age: The maximum age of the applicant should be 60 (at the completion of the loan).
Credit score: The minimum credit score of the applicant should be 700.
Salary: The salary of the applicant should not be less than 18000.
First of all, citizenship: he should be an Indian.
Secondly, the age: applicant should be between 25 – 65 years.
ITR file: The applicant should be filing ITR minimum of Rs. 2.5 lakh annually for the last three years.
Business: He/ she should have been running his business from the last five years.
Is Personal Loan secure?
The personal Loan falls under the category of unsecured loans, so there is no need to pledge any collateral security to the bank to get a personal loan. It is also beneficial to meet the urgent financial requirement of the applicant.
Benefits of Personal Loan Ajod
First of all, a personal loan gets quickly approved within 30 minutes.
Then there is no need to pledge any collateral as it is an unsecured loan.
The process is convenient and hassle-free.
The applicant can use the loan amount as he/she likes.
Moreover, the Loan gets quickly disbursed within 24 hours.
The interest rates of a personal loan are low.
Identity proof- Aadhar card, pan card, voter card, passport, driving license.
Residence proof- Aadhar card, pan card, voter card, passport, utility bills in the name of the applicant, rental agreement in the name of the applicant.
Two latest colored passport size photographs are required.
Applicant should have Salary slips or Income proofs.
The applicant should have proper Bank account details of the last six months.
How to apply online?
First of all, you need to visit our website, i.e., www.lendingwale.com.
After that, you need to fill your necessary information.
Make sure you fill your correct information so that we can contact you.
Now, once you are done with the formalities, all you need to do is sit and chill, our relationship manager will contact you as soon as possible.
Our relationship manager will compare different loaning schemes according to your eligibility and select the best loaning scheme for you.
At last, your Loan will get disbursed within 24 hours.
The applicants are free to choose the mandate of the Loan according to their convenience. It can be from 1 to 5 years.
Ajod is a village that is located in Vadodara Tehsil of Vadodara district in Gujarat, India. It is situated 20km away from Vadodara, which is both district & sub-district headquarter of Ajod village. The total geographical area of the community is 405.92 hectares. Ajod has a total population of 2,661 peoples. There are about 526 houses in Ajod village. Vadodara is the nearest town to Ajod, which is approximately 20km away.
Personal Loan interest rates
|Bank||Interest Rates||Processing Fees|
|HDFC Bank||10.99% to 18%||2% to 2.5%|
|ICICI Bank||13.99% to 18%||2%|
|Fullerton India||17.25% to 32%||2% to 3%|
|Bajaj Finserv||13.99% to 16.75%||2% to 3%|
|Axis Bank||15.50% to 24%||1.5% to 2%|
|Standard Chartered Bank||15.75% to 22%||2% to 3%|
|Kotak Mahindra Bank||13.75% to 19%||2%|
|Andhra Bank||13.50% to 22%||0.5% to 1.5%|
|Bank of Baroda||13.50% to 19%||2%|
|Vijaya Bank||13.75% to 22%||1.5% to 2%|
|Corporation Bank||14.50% to 20%||1.5% to 3%|
|Allahabad Bank||13.70% to 20%||1.5% to 2%|
For more information visit www.lendingwale.com.